NEWS

  January 20, 2022 Pennsylvania—Lee & Associates, a national full-service commercial real estate firm has orchestrated the lease of approximately 350,000 square feet to complete the full lease-up of the property located at 101 Commerce Drive in Mechanicsburg, PA. Principals; Ed Skonecki, Joel Kreider, SIOR, and the team represented the property owner, an affiliate of New York Life Insurance Company, in the deal. The building was recently improved with new lighting, paint, and HVAC, an…

  Pennsylvania – January 19, 2022 – – Lee & Associates of Eastern Pennsylvania, a fully-integrated commercial real estate brokerage and management firm, has announced the promotion of Eric Zahniser to Principal. Mr. Zahniser has been associated with Lee & Associates since 2018 and was formerly Vice President. Eric focuses on logistics real estate, representing clients regionally and nationally, leveraging the Lee & Associates network. “Eric is a go-getter with a “client first” attitude. I…

  Site, immediately adjacent to NJ Route 55 and south of Philadelphia, contains a 36,000 square foot warehouse and six acres suitable for outdoor storage   Lee & Associates of Eastern Pennsylvania, a fully-integrated commercial real estate brokerage and management firm, has brokered the sale of 2020 Delsea Drive, a 13-acre industrial property located approximately 15 miles south of Philadelphia, for $5.64 million. Tony Rod, SIOR, Principal, and Andrew Landolfi, Associate, of Lee & Associates…

Pennsylvania, January 6, 2022 – Lee & Associates of Eastern Pennsylvania LLC announced today that Matthew Allen, JD has joined the firm. Mr. Allen’s transactional focus will include investment sales, and the acquisition and disposition of multi-family, office, and mixed-use properties. Matt joins the Lee team with a substantial investment background, including over 22 years of experience as an Executive Director at Morgan Stanley. His responsibilities there included the review, analysis, coordination and consummation of…

Amazon Same-Day delivery. Philadelphia, PA. December 29th, 2021 – The Capital Markets group, headed by Bob Yoshimura, Joe Hill, and Eric Mattson from Lee & Associates of Eastern Pennsylvania (“LAEP”), orchestrated the sale of a newly renovated 98,652 square foot industrial building located at 700 Ramona Avenue in Philadelphia, PA. LBA Realty purchased the property from SBG Real Estate who initiated the redevelopment of the asset. Total consideration for the transaction was nearly $28 million…

Evidence of the supply chain crisis we are facing is hard to miss. Right now, off the coast of Los Angeles, over 80 large container ships are sitting idle waiting to dock and offload their cargo. The ramifications of this and other bottlenecks in our global supply chain system have caused a backlog of nearly $3 billion in goods that have been ordered but not yet shipped, according to U.S. Census data. What caused this to…

The Philadelphia Regional Industrial Market experienced several trends consistent throughout each individual submarket including record breaking absorption, low vacancy rates and active construction levels. These trends put the market on a  trajectory for the strongest year ever. Throughout the third quarter, the Philadelphia Region recorded nearly three times the net absorption as the previous quarter  with 23.9 MSF quarterly absorption. Strong quarterly and YTD absorption has caused vacancy levels to drop to historic lows. Overall…

  The U.S. warehouse market is booming like the red-hot housing sector, as companies compete for scarce distribution space to meet surging e-commerce demand. The competition is driving up industrial rents as retailers and logistics providers race to move goods closer to population centers, with some engaging in bidding wars for the most coveted sites. Businesses are pushing to deliver online orders faster to the homes of digital shoppers and responding to growing consumer spending…

With interest rates at extremely lows levels and fears of rising inflation heating up, investors have flocked to real estate investment trusts (REITs) as an investment vehicle. Is it wise to do so, what is propelling this move, and what kind of performance should investors expect? This report will explain why there is a surge in demand for REITs and analyze how they are currently performing and how they have performed historically. 1 REITs are…